February 23, 2017 5:24 PM ET

Capital Markets

Company Overview of Principal Global Investors, LLC

Company Overview

Principal Global Investors, LLC is a privately owned investment manager. The firm primarily provides its services to high net worth individuals. It also caters to individuals, banking or thrift institutions, investment companies, foundations, endowments, central banks, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, insurance companies, corporations and other businesses. The firm manages separate client focused equity and fixed income portfolios. It also launches and manages equity, fixed income, and balanced mutual funds for its clients. The firm invests in the public equity, fixed income, and real estate market...

801 Grand Avenue

Des Moines, IA 50392-0490

United States





Key Executives for Principal Global Investors, LLC

Chief Executive Officer
Age: 62
Executive Director and Chief Financial Officer
Senior Executive Director, Chief Operating Officer, and Portfolio Manager
Age: 55
Executive Director, Head of International Offices, Chief Executive Officer of Asia, and Member of Global Operating Committee
Managing Director for Asia-ex Japan
Compensation as of Fiscal Year 2016.

Principal Global Investors, LLC Key Developments

Principal Financial Group Names Pat Halter as Chief Operating Officer of Principal Global Investors

Principal Financial Group® has announced Pat Halter, current CEO and senior executive director of Principal Real Estate Investors, will assume the role of chief operating officer for Principal Global Investors. Jim McCaughan remains CEO of Principal Global Investors and president of global asset management for Principal®. Halter will continue to lead Principal Real Estate Investors while taking on responsibility for the day-to-day operations of Principal Global Investors, including oversight of the following boutiques: Spectrum, Post, Columbus Circle Investors and Principal Portfolio Strategies. As head of real estate, Halter is responsible for overall global real estate strategy, new business development, and business management, including oversight of staff located in the United States, Europe, Asia, and Australia. His expertise includes product and fund design, new business development, portfolio strategy and investment management. With Halter’s new role, Todd Everett, head of Principal Real Estate Fixed Income, will assume additional duties within Principal Real Estate Investors, including the direct oversight of its private equity segment.

Principal Global Investors Launches Real Estate Debt Fund

Principal Global Investors has launched its first Ucits-compliant real estate debt fund. The Real Estate debt fund is managed by Marc Peterson, Jason Haigh, Scott Carson and Principal Real Estate Investors. The majority of assets are invested in a diversified portfolio of US commercial mortgage-backed securities (CMBS). The fund can also invest in unsecured bonds issued by companies engaged in a real estate or real estate related business (REIT debt). The fund is domiciled in Ireland and registered for sale in the UK, Belgium, France, Finland, Germany, Guernsey, Ireland, Italy, Jersey, the Netherlands, Spain, Sweden and Switzerland. It will be available for sale in Singapore in the next few months.

Principal Global Investors Announces Management Changes

Principal Global Investors announced that Tim Stumpff has been appointed chief executive, replacing Nick Lyster, who has been appointed to the newly created role of global head of wealth advisory services. Stumpff most recently served as president of Liongate Capital Management. Lyster, who served as chief executive from 2006 to 2016, will be responsible for delivering Principal's investment capabilities to global wealth management firms, with a focus on the Dublin-domiciled UCITS range of funds.

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Recent Private Companies Transactions

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